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Dec 8, 2012
12/12
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> the headlines on friday looked greatment unemployment rate drops to 7.7%. 146,000 americans score new jobs but the headlines don't tell the whole story. christine romans has the breakdown of the big report and some of the numbers you need to know about. christine? >> let's go beyond the headlines and look deep inside the numberses at, say, the unemployment rate. the underemployment rate. 40% of people who are out of work have been out of work for six months or longer. underemployment still high. 14.4%. some people call it the real unemployment rate. it's almost double what the headline number is. another big problem. let's look at the sectors that are hiring. retail jobs, 53,000. those retailers are hiring up for the holiday season. many of the jobs are temporary. it's hard to send a kid to college on the job -- many
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> the headlines on friday looked greatment unemployment rate drops to 7.7%. 146,000 americans score new jobs but the headlines don't tell the whole story. christine romans has the breakdown of the big report and some of the numbers you need to know about. christine? >> let's go...
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Dec 23, 2012
12/12
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. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than $1 million a year and he wants to set automatic spending cuts with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover nor quest and the ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that
. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for...
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Dec 1, 2012
12/12
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . >>> okay. it's a big world out there. we need to look at all of it, left we get a little introspective. so for that, i fwli richard quest for a little q&a. richard, to day we talked taxes. the average income tax rate, i know there are problems with averages here, but the average income tax rate for individuals in the euro zone is 42%, including countries like belgium, germany and france with some rates above 50%. in the united states, the average income tax rate is 29%. federally, 39.6% is the highest rate. someone will pay in the united states. so for today's q&a, are americans getting a bargain or are europeans getting ripped up? let me go first. 60 seconds on the clock starts right now. economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve t
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . >>> okay. it's a big world out there. we need to look at all of it, left we get a little introspective. so for that, i fwli richard quest for a little q&a. richard, to day we talked taxes. the average income tax rate, i know there are problems with averages here, but the average...
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Dec 2, 2012
12/12
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so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. ali velshi, who ever thought this was going to be the socialism of the business world. but there we saw him in his true colors. the truth of the matter is as one famous judge in britain once said, it is every man's duty to avoid paying taxes. it is no man's duty, no man's duty to evade paying them. and that is the threshold upon which we seek. however, bearing in mind there are deficits that have to be covered. and there are spending that has to be reached. and in that environment, there is no other alternative but for higher taxes. do you think europeans like paying 40%, 50% taxes? but the alternative is not nearly so pleasant. i've just been to iceland, high taxes, high rate of living. and an economy that is actually recovering better than anywhere else from the financial crisi
so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. ali velshi, who ever thought this was going to be the socialism of the business world. but there we saw him in his true colors. the truth of the matter is as one famous judge in britain...
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Dec 22, 2012
12/12
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america. not a single american city makes the top ten. the highest, by the way, in america is atlanta at number 13, dallas at number 15, washington, d.c., at number 22. in the world. the richest country in the world doesn't make the top ten in terms of sitting infrastructure. this is from mercer, by the way, the survey. it ranks cities based on electricity and water infrastructure, congestion, public transportation and airport effectiveness, which is probably what got some of these american cities onto the list in the first place. but americans shouldn't be surprised. china spends about 9% of its total economic output on infrastructure. europe spends about 5%. 50 years ago by the way the u.s. spent about 5%, but now we spend half as much at 2.4%. richard florida is a professor at nyu and the university of toronto as well as the senior editor at the atlantic. richard, u.s. cities have a problem. but i just sort of made it look like it was a spending problem, that china spends more, europe spends more. is it a spending problem? >> well, you
america. not a single american city makes the top ten. the highest, by the way, in america is atlanta at number 13, dallas at number 15, washington, d.c., at number 22. in the world. the richest country in the world doesn't make the top ten in terms of sitting infrastructure. this is from mercer, by the way, the survey. it ranks cities based on electricity and water infrastructure, congestion, public transportation and airport effectiveness, which is probably what got some of these american...